Judgment
Ahmad Hamad Algosaibi and Brothers Co (AHAB) v Saad Investments Co Ltd (SICL), Maan Al‑Sanea and 41 Others - Ruloing
FSD 0054/2009 (ASCJ) · 2012-06-12
Interim payment under GCR O.29; effect of default judgment and deemed admissions; scope of estoppel from default judgment; whether assessment risks inconsistent outcomes with remaining defendants; tracing of misappropriated funds; evidential use of Deloitte forensic accounting; relevance of “N‑Files” disclosure and authorised vs unauthorised borrowings; calculation of net misappropriated amounts; deductions appropriate for interim award; whether Swiss promissory note proceedings affect Cayman assessment; burden of proving damages under O.29; commercial urgency and risk to AHAB’s solvency; conditions placed on granting interim award
Full metadata
| Cause Number | FSD 0054/2009 (ASCJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Smellie CJ |
| Parties | Ahmad Hamad Algosaibi and Brothers Co (AHAB) v Saad Investments Co Ltd (SICL), Maan Al‑Sanea and 41 Others - Ruloing |
| Judgment Date | 2012-06-12 |
| Subject | Interim payment under GCR O.29; effect of default judgment and deemed admissions; scope of estoppel from default judgment; whether assessment risks inconsistent outcomes with remaining defendants; tracing of misappropriated funds; evidential use of Deloitte forensic accounting; relevance of “N‑Files” disclosure and authorised vs unauthorised borrowings; calculation of net misappropriated amounts; deductions appropriate for interim award; whether Swiss promissory note proceedings affect Cayman assessment; burden of proving damages under O.29; commercial urgency and risk to AHAB’s solvency; conditions placed on granting interim award |
| Filename (current) | 12-06-12-Ahab-v-Saad-Investments-and-Maan-Al-Sanea-and-41-Others.pdf |